Global Specialty Medical Chairs Market Size, Share, and COVID-19 Impact Analysis, By Product (Treatment Chair, Examination Chair, Rehabilitation Chair), By Type (Electric chairs, Manual chairs), By End User (Hospitals, Clinics, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030Industry: Healthcare
Global Specialty Medical Chairs Market Insights Forecasts to 2030
- The Specialty Medical Chairs Market Size was valued at USD 4.5 Billion in 2021.
- The Market is Growing at a CAGR of 8.9% from 2021 to 2030
- The Worldwide Specialty Medical Chairs Market is expected to reach USD 7.5 Billion by 2030
- Asia Pacific is expected to Grow the fastest during the forecast period
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The global Specialty Medical Chairs Market is expected to reach USD 7.5 Billion by 2030, at a CAGR of 8.9% during the forecast period 2021 to 2030.
Medical equipment called specialty medical chairs is used for treatment, assessment, and rehabilitation. They aid a person by increasing mobility or comfort during various medical procedures. At hospitals, clinics, and ambulatory surgery centres, specialty medical chairs can be utilised during patient assessment and treatment. Both manual operation and battery power are available for these devices. Although these chairs help in delivering excellent comfort to the patient during the medical procedure, doctors can use them as conveniently as they see fit by directing them as required in their different disciplines of healthcare.
COVID 19 Impact on Specialty Medical Chairs Market
On the Market for Speciality Medical Chairs, COVID-19 still has a negative overall impact. Due to a decrease in ENT, ophthalmology, and dental visits to hospitals and clinics, there is a corresponding decrease in demand for these chairs. For instance, Dentsply Sirona announced that its net sales for the first quarter of 2020 were down as a result of low patient volumes and elective treatments. This downward trend in revenue and net sales was seen in a number of other businesses in the market. Nonetheless, this is anticipated to be a brief decline, and the market is anticipated to rebound in the near future. The Federal Food, Drug, and Cosmetic Act (FD&C Act) obtained Section 506J in 2020 as a result of the CARES Act (Coronavirus Aid, Relief, and Economic Security Act), which gave the FDA the authority to stop or lessen the effects of medical device supply chain disruptions during public health emergencies like the COVID-19 pandemic.
Global Specialty Medical Chairs Market Report Coverage
|Market Size in 2021:||USD 4.5 Billion|
|Forecast Period 2021-2030 CAGR:||8.9%|
|2030 Value Projection:||USD 7.5 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||200|
|Tables, Charts & Figures:||100|
|Segments covered:||By Product, By Type, By End User, By Region, COVID-19 Impact Analysis|
|Companies Covered:||A-DEC INC, CRAFTMASTER CONTOUR EQUIPMENT INC, DANAHER CORPORATION, DENTALEZ, INC, Dentsply Sirona Inc, DIPLOMAT DENTAL, HENRY SCHEIN, MIDMARK CORPORATION, PLANMECA OY, XO CARE A/S|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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Key Market Drivers
Increasing number of geriatric population across the world driving the market growth
The key aspect driving the market's expansion is the rising patient pool and elderly population, both of which drive up demand for specialist medical chairs. The market is predicted to rise as a result of the rapid advancement of technology and the availability of fully automated speciality medical chairs. The leading companies supply customizable chairs to satisfy the expectations of patients & physicians regarding the assessment and treatment of different diseases, therefore boosting market expansion throughout the projection period. The prevalence of numerous diseases, including cardiovascular disease, has increased globally as a result of the growing elderly population.
Increasing number of patients to propel the market growth
The market will expand as there are more patients who need to be treated and examined. Moreover, the market for speciality medical chairs used for rehabilitation is anticipated to expand due to the growing geriatric population. The National Institute on Aging reported that 524 million individuals were 65 or older in 2010, making about 8% of the global population. By 2050, that number is projected to nearly triple to 1.5 billion, or 16% of the global population. The primary element fueling the demand for speciality medical chairs is the rise in gynecologic disease incidence in females. The CDC estimates that 20 million Americans between the ages of 14 and 49 had bacterial vaginosis in 2019. Moreover, the market for examination chairs is anticipated to grow during the projected period due to the demand for gynecologic examination chairs for the examination of pregnant women.
Expensive medical products to restrain the market growth
The primary impediment to the market's expansion is the high cost of speciality medical chairs. The leading players are expected to benefit from new Specialty Medical Chairs Market Opportunities brought on by emerging economies like India, China, Mexico, and Brazil, which will allow them to offer speciality medical chairs in developing nations at competitive prices.
Rehabilitation chairs segment accounted the largest market share over the forecast period.
On the basis of product, the global specialty medical chairs market is segmented into Examination Chairs, Treatment Chairs, Rehabilitation Chair. Among these, the rehabilitation chair segment accounted the largest market share over the forecast period. Rehabilitation chairs come in a variety of sizes, including paediatric, bariatric, and geriatric. Pediatric chairs are among those used for bathing, positioning, and movement. The bariatric and geriatric chairs can be used for similar tasks, although their weight and carrying capacities may be larger. The segment is expected to be driven over the forecast period by the expanding geriatric population and rising paralysis and spinal injury instances. According to the WHO, surveys done in Africa in 2018 found that between 62.5% and 82.5% of individuals in need of rehabilitation services do not obtain them. This is projected to increase their demand and lead to an increase in the use of rehabilitation services and chairs.
The treatment chairs segment, on the other hand has witnessed the fastest market growth over the forecast period. They are an essential component of any type of medical procedure, including surgery. The main advantage of using these goods is that they assist patients in finding a comfortable posture that allows doctors unlimited access to various body areas. This equipment improves patient comfort and boosts safety for both carers and patients. Thus, enhancing the benefits of treatment chairs is anticipated to promote market expansion.
Electric chairs segment is dominating the market with the largest market share over the forecast period.
On the basis of type, the global specialty medical chairs market is segmented into electric chairs and manual chairs. Among these, the electric chairs segment is dominating the market with the largest market share over the forecast period. Electromechanical systems with safety precaution settings, such as actuators that lock the chair in place in the event of sudden power loss, are becoming more popular as the demand for high-quality electronic chairs and knowledge of the usage of electronic wheelchairs increase.
Manual chairs segment is witnessing the significant growth over the forecast period due to an increase in the prevalence of disability brought on by a number of circumstances, including a surge in the number of car accidents, spinal cord injuries, meningitis, and occupational accidents.
End User Insights
Hospital segment accounted the largest market share over the forecast period.
Based on the end user, the global specialty medical chairs market is segmented into hospitals, clinics, others. Among these, the hospital segment accounted the largest market share over the forecast period due to an increase in hospitals, there is a greater demand for speciality medical chairs such birthing chairs, dialysis chairs, and rehabilitation chairs, which have different uses depending on their use.
North America dominates the market with the largest market share over the forecast period.
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Throughout the forecast period, North America is anticipated to continue to dominate the global market for speciality medical chairs. This is because of things like an expanding patient base and an increase in the number of elderly people. According to projections made by the U.S. Census Bureau for the year 2017, there will be 78.0 million more Americans over the age of 65 than under 18 in 2035. The market is being driven and the region's dominance is being ensured by the rising prevalence of chronic diseases in the area, technological innovation, and the residence of some of the important companies.
Due to the rising geriatric population, which signals a significant socioeconomic burden in this region, Asia Pacific is predicted to be the fastest-growing regional market throughout the projection period. The presence of a strong R&D infrastructure, rising disposable income, better medical access, and rising public awareness of various medical diseases are some of the key drivers of market expansion.
Due to the growing prevalence of lifestyle-associated illnesses, which is expanding the patient base for these goods and driving the industry in this area, Europe is anticipated to represent the second highest share of the speciality medical chairs market.
Key Market Developments
- In May 2021, A-dec Inc. and KaVo have signed an agreement to supply exceptional products and world-class services to dental professionals globally.
List of Key Market Players
- A-DEC INC
- CRAFTMASTER CONTOUR EQUIPMENT INC
- DANAHER CORPORATION
- DENTALEZ, INC
- Dentsply Sirona Inc
- DIPLOMAT DENTAL
- HENRY SCHEIN
- MIDMARK CORPORATION
- PLANMECA OY
- XO CARE A/S
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Specialty Medical Chairs Market based on the below-mentioned segments:
Specialty Medical Chairs Market, Product Analysis
- Examination Chairs
- Treatment Chairs
- Rehabilitation Chairs
Specialty Medical Chairs Market, Type Analysis
- Electric chairs
- Manual chairs
Specialty Medical Chairs Market, End User Analysis
Specialty Medical Chairs Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
1. What is the market size of Specialty Medical Chairs Market?The global Specialty Medical Chairs Market is expected to grow from USD 4.5 Billion in 2021 to USD 7.5 Billion by 2030, at a CAGR of 8.9% during the forecast period 2022-2030.
2. Who are the key market players of Specialty Medical Chairs Market?Some of the key market players of Specialty Medical Chairs Market are A-DEC INC, CRAFTMASTER CONTOUR EQUIPMENT INC, DANAHER CORPORATION, DENTALEZ, INC, Dentsply Sirona Inc, DIPLOMAT DENTAL, HENRY SCHEIN, MIDMARK CORPORATION, PLANMECA OY, XO CARE A/S.
3. Which segment hold the largest market share?Hospital segment hold the largest market share is going to continue its dominance.
4. Which region is dominating the Specialty Medical Chairs Market?North America is dominating the Specialty Medical Chairs Market with the highest market share.
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